GLNK vs. BUXX

Last updated Jun 25, 2026

GLNK (Grayscale Chainlink Trust ETF) and BUXX (Strive Enhanced Income Short Maturity ETF) are both exchange-traded funds - GLNK is a Cryptocurrency fund tracking the Chainlink (LINK), while BUXX is a Ultrashort Bond fund actively managed by Strive. GLNK is passively managed, while BUXX is actively managed. Over the past year, GLNK returned -64.29% vs 4.20% for BUXX. At a 0.00 correlation, their price movements are largely independent. GLNK charges 2.50%/yr vs 0.26%/yr for BUXX.

Performance

GLNK vs. BUXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Chainlink Trust ETF (GLNK) and Strive Enhanced Income Short Maturity ETF (BUXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLNK achieves a -41.16% return, which is significantly lower than BUXX's 1.76% return.

GLNK

• 1D: -4.61%
• 1M: -23.60%
• YTD: -41.16%
• 6M: -40.59%
• 1Y: -64.29%
• 3Y*: -13.05%
• 5Y*: —
• 10Y*: —

BUXX

• 1D: -0.05%
• 1M: 0.31%
• YTD: 1.76%
• 6M: 1.82%
• 1Y: 4.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GLNK vs. BUXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GLNK Grayscale Chainlink Trust ETF	-41.16%	-87.10%	38.45%	320.76%
BUXX Strive Enhanced Income Short Maturity ETF	1.76%	4.84%	6.18%	2.86%

Correlation

The correlation between GLNK and BUXX is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.01
Correlation (All Time) Calculated using the full available price history since Aug 10, 2023	0.00

Return for Risk

GLNK vs. BUXX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GLNK

GLNK Risk / Return Rank: 4
GLNK Sharpe Ratio Rank: 4
GLNK Sortino Ratio Rank: 5
GLNK Omega Ratio Rank: 5
GLNK Calmar Ratio Rank: 3
GLNK Martin Ratio Rank: 5

BUXX

BUXX Risk / Return Rank: 97
BUXX Sharpe Ratio Rank: 95
BUXX Sortino Ratio Rank: 97
BUXX Omega Ratio Rank: 97
BUXX Calmar Ratio Rank: 98
BUXX Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GLNK vs. BUXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Chainlink Trust ETF (GLNK) and Strive Enhanced Income Short Maturity ETF (BUXX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GLNK	BUXX	Difference
Sharpe ratio: Return per unit of total volatility	-0.60	3.44	-4.03
Sortino ratio: Return per unit of downside risk	-0.62	5.65	-6.27
Omega ratio: Gain probability vs. loss probability	0.93	1.83	-0.90
Calmar ratio: Return relative to maximum drawdown	-0.72	14.33	-15.05
Martin ratio: Return relative to average drawdown	-0.92	55.66	-56.58

GLNK vs. BUXX - Sharpe Ratio Comparison

The current GLNK Sharpe Ratio is -0.60, which is lower than the BUXX Sharpe Ratio of 3.44. The chart below compares the historical Sharpe Ratios of GLNK and BUXX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GLNK vs. BUXX - Drawdown Comparison

The maximum GLNK drawdown since its inception was -96.22%, which is greater than BUXX's maximum drawdown of -0.60%. Use the drawdown chart below to compare losses from any high point for GLNK and BUXX.

Drawdown Indicators

	GLNK	BUXX	Difference
Max Drawdown Largest peak-to-trough decline	-96.22%	-0.60%	-95.62%
Max Drawdown (1Y) Largest decline over 1 year	-89.40%	-0.29%	-89.11%
Max Drawdown (3Y) Largest decline over 3 years	-96.22%	—	—
Current Drawdown Current decline from peak	-96.22%	-0.20%	-96.02%
Average Drawdown Average peak-to-trough decline	-56.20%	-0.05%	-56.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	69.80%	0.08%	+69.72%

Volatility

GLNK vs. BUXX - Volatility Comparison

Grayscale Chainlink Trust ETF (GLNK) has a higher volatility of 19.39% compared to Strive Enhanced Income Short Maturity ETF (BUXX) at 0.42%. This indicates that GLNK's price experiences larger fluctuations and is considered to be riskier than BUXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLNK	BUXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.39%	0.42%	+18.97%
Volatility (6M) Calculated over the trailing 6-month period	47.13%	0.79%	+46.34%
Volatility (1Y) Calculated over the trailing 1-year period	107.93%	1.23%	+106.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	163.91%	1.46%	+162.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	163.91%	1.46%	+162.45%

GLNK vs. BUXX - Expense Ratio Comparison

GLNK has a 2.50% expense ratio, which is higher than BUXX's 0.26% expense ratio.

Dividends

GLNK vs. BUXX - Dividend Comparison

GLNK has not paid dividends to shareholders, while BUXX's dividend yield for the trailing twelve months is around 4.72%.

Position	TTM	2025	2024	2023
BUXX Strive Enhanced Income Short Maturity ETF	4.72%	4.95%	5.55%	1.92%
GLNK Grayscale Chainlink Trust ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GLNK and BUXX in my portfolio?

GLNK and BUXX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLNK or BUXX?

GLNK has higher volatility (19.39%) compared to BUXX (0.42%). In terms of maximum drawdown, GLNK dropped -96.22% vs BUXX's -0.60%.

Which ETF is better, GLNK or BUXX?

On 1-year performance, BUXX leads with 4.20% vs -64.29% for GLNK. On fees, BUXX is cheaper at 0.26% per year. On volatility, BUXX has been the lower-risk option at 0.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GLNK or BUXX?

Over the 1-year period, BUXX has performed better with a 4.20% return vs -64.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GLNK or BUXX?

BUXX is cheaper with a 0.26% expense ratio, compared with 2.50% for GLNK.

Which ETF pays a higher dividend yield, GLNK or BUXX?

BUXX has the higher dividend yield at 4.72%, compared with 0.00% for GLNK.

What is the main difference between GLNK and BUXX?

GLNK is categorized as Cryptocurrency, while BUXX is Ultrashort Bond. They also come from different issuers: Grayscale and Strive. Their fees differ too: 2.50% for GLNK and 0.26% for BUXX.

Which has better risk-adjusted returns?

BUXX currently has the higher Sharpe Ratio (3.44 vs -0.60), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.